Friday, October 27, 2006

Not the Best of Timing for the Industry’s Obituary - New York Times

Exactly who is making money in the venture industry, and how much, is hard to ascertain. Yet many of the same VC’s who were quick to dismiss the suggestion that the industry could be broken, acknowledge that there is more than a bit of truth in Sevin Rosen’s analysis of the venture world. "

"Indeed, the business, once a relatively small, clubby industry, was flooded with cash and newcomers during the Internet boom — and not much has changed since. Despite years of poor returns since the collapse of Nasdaq, the number of venture firms has declined only slightly, to 866 last year from 943 in 2001. The amount of capital under management was $261 billion last year, a record, according to the National Venture Capital Association."

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